World Bank Issues Stark Warning: Gaza’s Economy is Collapsing
NOVANEWS
“A combination of war, isolation and internal division has left Gaza in a crippling economic state and exacerbated the human distress,” said Marina Wes, World Bank Country Director for the West Bank and Gaza.
Children wait outside an UNRWA school before attending first day of class in Gaza City, Aug. 29, 2018. Hundreds of thousands of Palestinian children are starting their schoolyear in Gaza amid major budget cuts that threaten to close United Nations schools. Felipe Dana | AP
By Middle East Monitor
The World Bank has issued a stark warning about Gaza’s economy. A report published today stated that the enclave is “collapsing” due to the 11-year Israeli-led blockade and described the economy as being in “free fall”, with aid flows no longer enough to stimulate growth....